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Middlesex
7 Heritage Way
$950,000
● House - Off Market

7 Heritage Way

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,108 Ft²
$1,048,219
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Welcome home to 7 Heritage Way. This majestic, 4 bedroom, 3 bath, 2 car garage colonial sits on a beautiful lot in a gorgeous neighborhood with underground utilities, 3 miles to interstate 95 and 93, walking distance to North Reading center, Batchelder elementary school, middle, high school and Ipswich River Park sitting on 50 acres of land which includes, basketball court, tennis court, street hockey rink, skate park and soccer field with a half mile walking track surrounding it.  Great pride in ownership with many updates including, new roof, freshly painted exterior, new chef's kitchen and half bath along with new master bath. Fantastic home for those large family gatherings and entertaining.
Unit Size
2,108 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$427
Property Type
House
Property Taxes
$868
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #72804070)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Mar 25, 2021 Listed by Austin Realty Group $899,900
Listed by Austin Realty Group
Sep 28, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 144
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,108
  • Building Area: 2,108
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,108
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330102

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:040.0 B:0000 L:0086.0
  • Lot: 86.0
  • Municipality: NORTH READING
  • Latitude: 42.5637
  • Longitude: -71.0833

    Address

  • Full Address: 7 Heritage Way
  • Address - House Number: 7
  • Address - Street Name: Heritage
  • Address - Suffix Type: Way
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2800
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,291,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,083,334
  • High Value: 1,273,493
  • Low Value: 893,175

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $977,800
  • Assessed Land Value: $452,900
  • Assessed Improvements Value: $524,900

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110099
  • Previous Sale Recording Date: Sep 28, 1994
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72804070

Frequently Asked Questions

When was property at 7 Heritage Way built and last sold?
The property at 7 Heritage Way was built in 1994 and last sold on May 14, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 7 Heritage Way is $0.
What are some comparable homes to 7 Heritage Way?
There are currently no comparable homes to 7 Heritage Way.
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